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Nifty View for Oct Week -1 – Reversal Or Dead Cat Bounce >??

Hi All
Nifty has now been holding the Critical Support zones of 17560 – 17500 and a GAPUP bounce seen today  and halted exactly at 61% Fibo Ret Levels.

Now is this Bounce a Reversal or a DEAD CAT BOUNCE>

Nifty until it holds 17460 Price may try to move up or consolidate in these zones till 17840
Resistance at 17660
Price needs to BREAK 17947 for the Uptrend to continue till 18000+  Levels
On Downside 17460 will be on Radar.
Gap Zones at 17550 is CRITICAL

On Daily Time Frame Star Pattern in Formation, but needs Pattern Confirmation
Next Few days will Decide the NEXT Big MOVE on NIFTY Soon

Good LUCK
Ramesh Nadar

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